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Gold/Mining/Energy : MPVIF Mountain Province Mining -- Ignore unavailable to you. Want to Upgrade?


To: Larry G. who wrote (941)6/12/1998 8:41:00 PM
From: marcos  Respond to of 2577
 
Yes, complicated and short, too, which makes it hard to be patient.
But things develop when they develop, and the speed with which we can zip around the planet on this here internet won't show up in mine development for a long time, if ever. I still remember the olden days when you bought shares carefully based on the three Ps - people, property, and phinancing - and put them away. Depending on how good your judgement of the Ps was, you lost on a few and broke even on the majority and on a very very few you had a big hit, which was actually bad because it encouraged you to do it all over again. But there's so much 'info' around now, and we can buy and sell these stocks in seconds. So we're impatient - smart but not wise.

I generally think mpv is a good one, and have a few. Haven't looked into it deeply at all, though, just relying on public statements and the opinions of others like Kaiser and Midland. The relationship with Debeers has both advantages and disadvantages, imho, but in the end for the patient there either will or will not be a profitable mine. I think there will be, but I'm not holding my breath, either.

Have a good weekend, all .......... cheers ........ macros